News
Steel Billet Supplies Decrease Due to Black Sea Navigation Restrictions
Restrictions on navigation in the Black Sea have led to a decrease in steel billet supplies from Russia. Imimporters are seeking alternative suppliers, with Chinese steel mills experiencing price increases. Russian companies are facing difficulties in redirecting their shipments to the Baltic region. Prices for steel products in Turkey have risen, with some buyers quoting prices $5-$10 lower than the current market. Turkish producers have also raised prices for steel products on the domestic market by $10-$20, to $560-$580 per ton under EXW terms.